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Essay / Scandal Case Study - 766
Scandal DetailsEthical Issues and Supported TheoriesFriedman's PerspectiveMilton Friedman's view is that in a capitalist economy, there is one and only one corporate responsibility: to use its resources and engage in activities designed to increase profits. . Businesses do not have a social responsibility to promote desirable social goals. A corporation is an artificial person. The business manager is the agent of the individuals who own the business and their primary responsibility lies with them. Corporate directors have a fiduciary responsibility to act in the best interests of shareholders. Managers are agents of the shareholders and therefore have a moral obligation to manage the company in the interests of the shareholders, which is obviously to make as much money as possible and maximize shareholder wealth. Shareholders are the owners of the organization and therefore the profits belong to them. In conclusion, Friedman believes that business is about maximizing profits. He suggested that a healthy business must not only be good ethically, but also good economically. Overall, as he stated in the article, businesses must make a profit without breaking the rules of the game (D. Murphy, class lecture, January 17, 2014). Friedman's desire for corporations to maximize profits within the law has been damaged by this giant security data. infringe. The people who stole customers' information and identities not only broke the law, but also harmed Target's business. Thousands of customers were outraged by this giant security breach. Target has lost many customers and is finding all sorts of ways to retain customers. Even though Target does everything it can, customers still turn to other alternatives. According to...... middle of article...... with reference to Kant, the result that the systems were not repaired immediately does not mean that Target intends to deliberately avoid d 'use the right information and technology to protect customers. Target has strived to retain its customers and satisfy their needs. Thus, according to Kant's perspective, with the good intention of protecting customers and maintaining good relationships with them, the target company is ethically good. Utilitarian Perspective Utilitarianism aims at a goal of greatest happiness and justifies any act that achieves this goal. This is consequentialism, that is, based entirely on the result. This ethical concept believes that the greatest good is for the greatest number. The right thing to do is therefore to bring the best and most happiness to the majority, and this is necessary to avoid the greatest number of misfortunes..